Nigeria’s Federal Government plans to invest $13.5 billion in the energy sector within a year, with a goal of $55.2 billion in opportunities by 2030.
This was disclosed by President Bola Tinubu’s Special Adviser on Energy, Mrs. Olu Verheijen.

Verheijen emphasized that the administration led by President Tinubu is dedicated to reforms and growth in the country, especially in the crucial oil and gas sector.

She said that her stakeholder engagements revealed significant investment opportunities for Nigeria’s oil and gas sector to thrive.

According to her, Tinubu’s administration, under its “Renewed Hope Agenda,” is committed to enhancing the business and investment climate in the nation, including the energy sector.

“My office has since started work on key areas of reform to spur the growth of the energy sector, and which would also positively impact on the livelihood of the average Nigerian and small businesses,” Verheijen stated.

She revealed that recently, the president approved the Import Duty Waiver aimed at increasing the utilisation and supply of gas in the domestic market, covering the importation of all equipment related to Compressed Natural Gas (CNG) and Liquefied Petroleum Gas (LPG).

She added that it also covers machinery, equipment and spare parts into the Nigerian market for the utilisation of the country’s gas.

Leave a Reply

Your email address will not be published. Required fields are marked *

%d bloggers like this: